![Cummins Inc [CMI] reports annual net loss of $840.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCMI.png&w=3840&q=75)
Cummins Inc [CMI] reports annual net loss of $840.0 million
Company Reports Revenue of $34.1 billion
CUMMINS INC [CMI] has reported a net loss of $840.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $34.1 billion
Based in COLUMBUS, Indiana, CUMMINS INC operates in the MANUFACTURING sector.
In the 12-month period ending December 31, 2023, Cummins Inc. reported a significant increase in net sales, amounting to $34.065 billion compared to $28.074 billion in the same period the previous year. This represents a strong growth of approximately $6 billion in revenue over the year.
Cost of sales also showed a notable increase, reaching $25.816 billion in the current period, up from $21.355 billion in the prior year. This escalation in costs is reflective of the company's higher sales volume and potentially increased production expenses.
